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for the future. >>> myanmar's opposition leader aung san suu kyi has called on india to support her country as it moves towards democracy. aung san suu kyi made the call in new delhi, india, on wednesday where she's visiting for the first time in 25 years. she asked india to support the people of myanmar as they continue to strive toward their goal of creating a democratic state. >> as long as our peoples remain bound in understanding and mutual respect, the friendship between our two countries will last far into the future. >> in a speech she cited her own close relationship with india, referring to the period when she lived there. at that time her mother was serving as then burma's ambassador to india. ahead of the lecture she exchanged views with india's prime minister singh about the process of bringing democracy to myanmar. >>> afghanistan produces more than 80% of opium circulating around the world and trade in the drug threatens to destabilize the entire region. politicians from several nations have been meeting in the pakistani capital islamabad to discuss ways to tackle the problem
is visiting india for the first time in 40 years. talks with the indian prime minister who has offered his backing to the democratization process under way in myanmar. this visit has special significance because india is a neighbor of myanmar and its economy is booming. it's also an emotional return to a country where she lived in the 1960s when her mother was ambassador. the nobel laureate has made several trips to india, europe and the united states. the visit to myanmar in may was the first by an incumbent prime minister of india in 25 years. india has lagged behind china when it comes to forging ties with myanmar, but. afghanistan produces more than 80% of opium circulated around the world but trade in the truck threatens to destabilize the entire region. politicians from several nations have been meeting in the pakistani capital in islamabad. >> cabinet nebs in 11 nearby countries attended the conference that ended on tuesday. opium used in afghanistan is smuggled into pakistan and several asian nations. the united nations office on drugs and crime says 5,800 tons of opium was made fr
, present-day india, the ching dynasty, temporary china, and the tokugawa shogunate in japan. each of these fears had its own way of governing on its own cultural and political approach to commerce, and order. if you fast-forward about 100, 120 years to the 19th century, the world changed dramatically. power had shifted from the west and the south to the north. and by 1815, the end of the napoleonic wars, europe had pulled ahead of the rest of the world. and the industrial revolution and the development of the steam engine and the development of steel and battleships, and the telegraph and underground, the underwater submarine cable enabled europe, not just to be the most powerful place in the world, but to extend its reach globally. and by the end of the 19th century, europe had either colonized or had already de- colonized 90% of the world landmass. and we have been living in the world since 1815 dominated by the west. economically, politically and ideologically. first it was europe, then europe handed over the baton to the united states after pearl harbor, and roughly 1815 until
of the companies you sell to don't have electricity that is reliable, correct? >> true. i was in india last week. half the women in india have no electric power or fresh potable water. when you enable her by putting a product together that saves her time, it changes her life. liz: well wit is just amazing you can do all of this stuff. look at their emerging market sales. 66% of the total sales. you're huge in india. you just got back. what did you see? >> now we've grown, took us about five years to start breaking even. five years to get to scale. now we have 180,000 women w so they're moving from the lower class to the middle class, to leadership. it's, it's having a dramatic impact. liz: do they have tupperware parties it sell all of this stuff? >> yeah. it is a little different twist. many don't have places where they live are big enough to have six to eight of their friends. they do it outside under tents. liz: they do it outside. that is interesting. you do it in 100 countries. i'm sure that is repeated elsewhere. >> yeah. liz: let's talk about some of the products. this is a storm story. n
today. >>> now, still to come on the program, the latest gdp figures out of india have disappointed. we'll ask what it takes to boost growth now. >>> welcome back. these are your headlines. mario draghi turns up the heat on eurozone governments, says not to rely solely on the ecb. >> the crisis has shown that we were living in the fairy world in the sense that we underestimated our amount of our equilibrium. >> and a greek tee fault could be the end of the euro. and japan posts surprisingly strong industrial output in october and the government announces yet another stimulus package sending tokyo stocks to a seven month high. and president obama takes his case for tax hikes for the wealthy to the american people as the war of words between democrats and republicans over the fiscal cliff heats up. european markets not so much of a fairy world if we can use the draghi expression. a little higher. xetra dax leading the way up 0.3%. cac 40, ftse 100 on its heats. ibex 35 is lower. bond space shows pretty positive attitude, as well. yields falling in spain, italy again this morning. 5.35%, 4
there are good guys and bad guys, but there are guys the pakistans supports, the guys that india has supported, the russia has intended -- >> india is a big player here, fareed. because if you look through indian history from the guptas to the mull rans, the moguls, the dynasty, others, what you see is for many periods of indian history or subcontinent history, the same empire that controlled the northern third of india also controlled most of pakistan and half of afghanistan, so afghanistan is not foreign to india. it's part of the sub continental conflict system. so we can leave afghanistan, the u.s. can. but india, you will always have deep equities there and if we desert afghan precipitously, you might see india moving closer diplomatically to russia in order to contain things there, in order to make sure afghanistan does not become just a radical islamic extension of pakistani isi control. >> so we are on track in the united states to withdraw from afghanistan over the next two years. tell us what -- what emerges as we withdraw. >> what emerges is that iran will have much greater influenc
. people in southern regions of india are dealing with heavy rain. mayo show gee joins us with the latest. >> this is due to the influence of the cyclonic storm which has made landfall. let me show you a video coming up from these regions. wednesday evening it made landfall and reported a maximum wind speed of 75 alcohol tears per hour err you can see those trs really swaying. the good news is that there's no significant damage that has been reported related from this storm system. but schools and colleges will be closed in the surrounding areas throughout your thursday. if we can pull back i can show you this storm will be moving inland as a deep depression. it has downgraded already. but the rainfall accumulation is going to be some staggering amounts the next few days, probab about 200 millimers on top what was we have aea be seeingn and around this area, more than 100 millimeterth in the past 24 hours has been falling. so the ground is very, very loose. any kind of additional rain fall could trigger flash flooding and further landslides across east regions. the wind, gale force winds,
and solar makes no sense. refi china and india and other emerging economies would sign nine so to reduce emissions i don't take a position nine whether man-made emissions cause global warming and i it china and india to make up 37% of the population not doing so. and the first chapter the book i talk about geo engineering solutions win to think we could reduce global temperatures by just came roofs white to reflect the race. what we're doing with a 12 billion-dollar hours it is pushing people into cars they do not want to buy raising your much as a cost we are getting rid of incandescent light bulbs and disproportionately those zero least able to afford it the lowest fifth of and come distribution spend 24 percent of income on electricity natural-gas and gasoline. that's right. spending on energy and compared to an average of 7%. it it is just strange well-intentioned people who purport to represent advocates policies that will do them harm rather than a good british edition to hurricane the uproar industrial policies to promote solar and wind undesirable to create opportunities for poli
including japan, china, and india joined them at the summit. they issued a joint kmun ka that said they hope to reach agreement by the end of 2015. leader from japan, china, and south korea agreed to start talking on a free trade agreement of their own. they said they would put aside the territorial disputes between japan and the two other nations. japanese officials want to ease restrictions to give them more access to their neighbor's economies. chinese and south korean officials have already begun talks on a free trade deal between their countries. now negotiators involved in discussions for another free trade zone in the asia pacific say they hope to conclude an agreement by the end of next year. they're trying to strike a deal for what's known as the trance pacific partnership or tpp. leaders of seven of the 11 countries discussing the u.s. life led on the sidelines of the east asia summit. the negotiators wanted to conclude a deal by the end of this year, but they couldn't agree on how to eliminate tariffs and they're still divided on other issues such as whether they will allow exempt
to the rebels. and that india has executed the sole surviving gunman from the 2008 bombe attacks -- bombay attacks. he was hanged in a prison in india. he was one of 10 gunman who launched terrorist attacks four years ago this month, killing 166 people. >> time to get to sports now. in soccer, there was a full slate of champions league group stage games tuesday night. in group f, bayern munich split the points with valencia, meaning they are through to the knockout states. >> in group, barcelona was victorious. >> chelsea's defeat has led the team put the chances of regression hanging by a thread. >> no wonder then that the club has set its coach. he only took over the team back in march and led it to the champions league last season, but in a statement on its website today, chesley said recent performances and results were simply not good enough -- chelsea said recent performances and results were simply not good enough. i'm only a win will do. a draw would leave them having to leave their last match to get through. >> the squat look relaxed as they prepare for their match. they know that
five years ago, we thought china and india and other emerging economies might sign on to emissions reduction and therefore if we reduced emissions, perhaps global temperatures would be reduced. i don't take a position on whether man-made emissions cause global warming are not, but if we are reducing emissions in china and india, which make up 37% of the worlds population are not doing so, we're not going to have any effect on global temperatures. in the first chapter of the book i talk about geoengineering solutions that nobel prize winning scientists paul crookston thinks could reduce global temperatures if we adjust honoring such as spurring water or painting rooms white to reflect the sun rays. what we are doing with the $12 billion they spent on alternative energy is pushing people into cars they don't want to buy. we are raising electricity costs. we are getting rid of incandescent light bulbs and fluorescent lightbulbs. the cost of this falls disproportionately on to those who are least able to afford it. the lowest of the income distribution according to recent data assessme
with the interviews of priceline and diagio making a $2 million bet on india. one more look at futures, once again, negative actions here. we'll see how we close out this crazy week. >>> a few travel websites are hooking up. priceline going to buy kayak working out to $1.8 billion. it comes just about four months after kayak went public. priceline ceo jeffrey boyd will discuss the deal exclusively on "squawk on the street" at 11 a.m. eastern time. this is a tricky deal, jim, because kayak makes money by referring to the likes of a priceline and expedia. now priceline doesn't have to pay as much to be referred because it owns kayak and can make money off kayak referring to rivals like expedia. >> i thought it was kind of a dazzling move. these sites are very, very powerful, it's the way people travel. kayak doesn't look like a great site but it is very powerful way for people to be able to find out the best price move. hotels.com, priceline. i know priceline is looking down, apparently, but this was smart. >> you chase orbitz and try to find out who's next? >> this is a powerful combination, i thin
also finished lower after the rba cut its growth forecast. most miners finished in the red. in india, the sensex still in action now lower by about 1%. but hopes of a stake sale. orient express hotels rejected the bid. investors cheered the news after they worry about the impact of the acquisition on its balance sheet. ross, back to you. >> i'll pick it up now. any euphoria the obama administration feels could be erased by the thought of getting obama'sed edagenda through and divided congress. you can get more at cnbc.com. china is awaiting their new government and apparently expressing their envy of the u.s. democratic process. plenty more at changing china.cnbc.com. and also on the website, iranian warplanes fired an unmanned u.s. drone in international air space according to the pentagon. a formal warning was sent to tehran you through diplomatic channels. if the drone were hit it could have forced retaliation from the u.s. so against this backdrop, we want to know which of these stories is most important for the months ahead or is it something else entirely that we're not yet foc
delhi. >> yes, there is trouble for walmart. it started operations in india in 2009. and this internal investigation is part of an investigation with the securities exchange commission. they decided to expand the scope of the internal investigation to look into operations in india and china. we understand from our sources that a team led by executives from kpmg as well as a law firm here in india and as of now, the chief financial officer along with another couple of key executives have been suspended. they've been asked not to report to work until this internal investigation is complete. this couldn't have come at a worst time because remember the india parliament has been given the go ahead as far as walmart being able to step up its stores here in india. so this is going to be another reason for the opposition parties to force the government into a possible reversal of the decision. so it's looking difficult for walmart at this point in time. we've tried to contact the company. they have confirmed the investigation is on. there is no time line that's been given by when they expect a
explained that she was returning to india in a few days and hope to catch a glance of the president before she went home. she then arranged for the woman to be given a seat at the dinner so that she could hear the speech as well as see the president. nixon then left the hall to continue on to the engagement. i used the story because i think it exemplifies several key points i wish to make about pat and her public role. particularly about the role of foreign diplomats. first, she met the woman during one of her travels as first lady. the traveling she did as first and second lady was the best part of her job. as a political wife. second, she was just a young woman who had come to the united states and had come out to see the second lady and see the united states to study. she treated everyone she met as though they were the most important person in the world. there, she was happiest in her role when she could take action. the party they were out in the engagement they were going to or not is important at that moment as getting this visitor from india a seat at the presidential dinner. in th
steps as the philippines and india is taking counter measures. >> translator: don't read too much into the new design. we'll discuss this matter with related countries so people can cross borders freely. >> reporter: for the philippines and other countries it's difficult not to see the change as a china's two intentions especially as the countries making moves to get control over the south china sea. in july china formed a new body that governs the disputed islands in the south china sea. the new ordinance underpins the central government's hard line strategy. china's to leadership changed hands this month and the new regime is showing no sign of easing its tough stance on issues involving the philippines and other neighbors. >>> more low cost airlines began operating this year out of japan's airport. to succeed they have to overcome a serious problem. pil >> reporter: pilot training by a low cost company. it costs more than $1.2 million to train a pilot so budget airlines try to cut costs by hiring pilots already licensed. to expand their services low cost carriers need to hire m
her body back to india. i spoke to them by telephone. he claims medical staff to refuse to give his wife and abortion. >> unfortunately, it is a lot. >> she you believe if she would have been allowed the termination she wanted she would have survived? >> of course. >> ireland's health minister has ordered an immediate investigation into what happened. >> for anyone to have died during pregnancy is something we are upset by. >> ireland has had a number of referendums on abortion, but the legal agenda has not been enshrined in legislation. although abortion have been allowed when a woman's life is they say legal confusion has to be end. >> i think there is a lack of guidelines. there would not have been a mechanism for doctors to determine what to do. >> question time in dublin parliament was dominated by the guest curator modern ireland has been reluctant to legislate, but be aturn now to turning point in-house irish history. >> after months of speculation, we are about to find out who will takeover china costs -- china's leadership. there are growing calls for change. >> as they ste
's relations with india, the issues that have to do with the sequence of events that will take place after 2014 when the american focus once again as steve mentioned, when the american focus becomes somewhat less a relationship through counterterrorism and opens the door for more creative ways of business, academic, media, other links with pakistan that have really suffered in the last 10 years because of our focus on ct pics i guess i come up to your question answering that i'm cautiously optimistic that if we can keep things on the risk in which if you know what happened over the last two years, it's not an easy thing, it was like rolling down the side of her routine with rocks and cactus is and you don't know how far the routine goes. so goes. so what is a keeping things on track, it is not easy to get things on track, pakistan. because of the way it's mismanaged, because of the difficulties in our relationship. but if we're able to do so i think after 2014 there would be a prospect that we can open up the new kind of cooperation, if we are not slaves to a bilateral vision, based on mistrust
down to maybe six, 7%. as you know this were at double digits. india is still about 6. and there are four or five countries that are well over five but they would have been, if we hadn't had all these problems they probably would have been much higher. >> uh-huh. >> but it's not like going to minus or at least even going to low single digits. >> it is the deacceleration that longer-term investors will point to as a worrisome trend. do you agree with that? >> of course. we have to watch it very, very carefully but at the end of the day if you look at the average for emerging markets, the average growth rate is 5%. >> uh-huh. >> so that's five times more than what the developments are doing. so when people ask me do you think we'll have a hard or soft landing in china they are-- 5, 6, 7% growth is very, very fast growth. >> are these economies developing themselves? so in other words, are they becoming less and less dependent on trade with the big economies like the united states and europe and more internally developed. >> that is really interesting because if you look
. southeast asia is strategically important, located between china and india, and along the route of important sea lanes that power the world economy. it's also a growing market with a population of more than 500 million people. china has been trying to increase its political and economic influence in the region. the united states has to compete with that. by coming to southeast asia with this historic visit to myanmar and a presence here at the east asia summit, obama hopes to advance that agenda. >> now, what role did the u.s. play in the south china sea issue? and what is its agenda there? >> right. the philippines and vietnam are two asean countries in direct confrontation with china over the south china sea. they want legally binding rules to resolve the disputes. in the summit meeting, obama sided with them by calling for the quick creation of a code of conduct. but china remains cautious about that. asean nations need to work together for the sake of their economic goals. they also need peacef fuful relations with china, which, after all, is is the world's second largest economy. balanc
of gold in their collective pockets. but they're not alone. china look set to overtake india as the world's top gold consumer this year. meanwhile, china's icbc bank says that within an economy on the mend, rising domestic income and new gold linked investment products in the offing, china's potential as a global gold haven is huge. even the pboc appears to be in on the act. the london bouillon market association says beijing may be mulling options to tack on more gold to its reserves soon. >> joining us now from hong kong, martin henekyp what is the diwali effect for gold and gold prices? >> demand has been quite reasonable as was mentioned despite the relatively weak indian economy and weak rupee. but you can't blame them if the rupee is very weak, what would you do if you don't have trust in the currency going forward. and we just had actually the indianville production figures out, they were weaker than expected, actually down for september 0.4%. negatively an expectation of 2.8%. and at the same time, the consumer prices rose by 9.75%. so somewhat of a stagflation there, but the econ
at and the engagement they were going were not as important at that moment as getting this visitor from india a seat at the presidential dinner. the greater scheme of things it's a small act but it left a lasting impression on the woman involved. the indian woman involved and on the women in the table that she was eventually seated at. that's how we know about the event. through a letter that someone who she ended up sitting with responded and wrote to pat later about it. for pat politics was her job. one she didn't always enjoy. while on occasion she was proud of the work and helping to raise funds for the party. she found many of the tasks frustrating and mind numbing. by the end of the first term she expressed the friends reentry to the work force. she wrote i would like to do part-time work rather than the useless work i'm expected to do. the thrill of meeting famous men and women and the glamour of white tie dinners wore off leaving only the tiring routine of constant evenings away from the girls, ielgd chatter with women she didn't always like. for someone that worked hard her entire life, she
was returning to india in a few days and hope to catch a glimpse of the president before she went home. have been arranged for the woman to be given a seat at the dinner so she could hear the speech as well as see the president. nixon then left the hall to continue on to the previous engagement. i use this story to begin my topic because i think it exemplifies several key points i wish to make about pat nixon public role. more particularly as foreign diplomat. patton at the indian woman during one of her travels the second lady. the traveling she did as first and second lady was the best part of her job as a political wife. second, this is not the wife of ambassador or statesmen. she was just a young woman who had come to the united states and then had come to the united states to study. pat didn't limit her contact server trouble to import people. she treated everyone she met as if they were the most important person in the world. the people she met sinister sincerity and responded to it. third, she was happiest in her will when she could take action. the party of the nixon's in the engagem
so long as done consistently. that's perfectly all right. one system i like is in place in india all passengers get a full manual pat down in a curtain booth by a member of the same-sex who is clearly trained to be courteous and respectful. private stores or other organizations who feel that the bulky clothing is a theft whether of shoplifting or terrorism could substitute a rule banning floor-length coats. they could have a body scanner the the door. but they don't presumably preferring customer friendliness to the extra margin of safety. what i want to establish is the discrimination inherent in the belief that it poses a unique security risk. reasonable security policy apply to similar cases are perfectly fine. a reasonable demand would be that a muslim womb -- woman have a full face photograph with suitable protection for modest i did during the photosession such a photoshould be required and most islamic scholars grow. i don't think it would be incompatible with equal liberty. however, we also know by now that the face is a very bad identifier. at immigration check point bs, eye
. two people were killed. the government blames opposition activists. the victims were from india. one other person was wounded. police say the bombs were homemade and placed by roadsides. the country's largest opposition group issued a statement denouncing violence and called for transparent investigation into the attacks. muslim residents have been staging rallies to demandor rights. a sunni royal family rules the country. >>> israel's prime minister said again and again he's willing to use military force to stop iran from making a nuclear weapon. two years ago benjamin netanyahu took them to the brink of a strike. he met with senior ministers and advisors. the armed forces chief of sff reportedly opposed the plan. he argued that the military lacked the capability to have a successful strike. he pushed him to get an agreement. they both retired last year. they have been vocal critics of netanyahu ever since. he told the u.n. general assembly he could set a deadline of next is summer at the latestr iran to halt its nuclear program. >>> afghan leaders are preparing for the withdrawal o
as far as the emerging market countries like india and china which have been the drivers for growth, and with the slow down coming in, nestle does 1k3ek9d that to ease just a bit. be he continues to be confident and very clearly suggesting that nestle will not sacrifice margins to go after volumes or market share. here's what paul volcker had to say in this exclusive interview. >> we're in for quite a few more year. the debt crisis in europe is not something that has been built overnight, so it won't be a solution overnight either. but also the positive trecnds ae there to stay. it is a dynamic that will be positive for a long time. i'm always an optimist. i think you have to be. >> and you're hoping the emerging markets will continue to drive growth. in fact that's the difference in comparison because it's really been your emerging market growth driving sales for you. but i want to pick up on that because we've actually seen in asia, africa, sales down. you also believe china because of the way the chinese economy has slowed down as not delivered as per your expectations or its tru
-- great uses, such as maybe elephants in india or, um, horses in places that don't use engines and, um, vehicles such as tractors. >> i think tax dollars should be used for evacuating animals from disasters because animals don't exactly have the intelligence we do. so they can't really help themselves. they need help more than we do. >> uh, yeah. i think there is too much animal abuse in this country. and, um, when i have to pay taxes, that's what i want it to go towards. >> most of the teens we spoke to agree. they say spend the money, save the pets. if this issue is important to you, look into joining the efforts of animal rescue organizations, such as the aspca. >> this report is brought to you by yahoo! digital crave. >> we're not even close to the holidays, and yet there is a ton of new tech available -- games, gadgets, and gear to get excited about. so, here's a look at some fall highlights. we'll start off with the best-selling computer game "mists of pandaria," the latest expansion to "world of warcraft." this is the number-one subscription-based massively multiplayer role-play
aspect of that. for example, offered the most successful u.s. special operations in china, burma, india theater. and you can say, special operations started with dos as experience in china during world war ii. and oss also established some of the intelligence from work, the approach to china, for example, the file data system, there training of the young your experts, and those people after rld war to become the leading authorities of maritime intelligence as well as government policy. so those are very big contributions. also some other lessons and some big blunders as well. >> what is one of the blunders? >> well, one of the things is i will say, oss in trying so hard to establish itself as legitimate, tried to prove to others, always constantly trying to prove to others it's worth the importance. in doing so, sometimes the sacrifice of the original mission. for example, its independence om the british intelligence, true reliance upon the british intelligence. the other thing is, oss success
diamond, which is described as internally flawless, came from ancient mines in india. it sold to an anonymous telephone bidder. it is the highest price per carry -- carat ever paid for a colorless diamond and well above the pre-sale estimate. >> we have to take a break, but when we come back, we will hone in on a country where the cash is not flowing so readily -- spain. >> after the break, we will touch on another challenge. >> that's in a minute. >> welcome back. the spanish government might soon have another problem to add to its plate. recent polls show that more than half of the citizens in the catalonia region want to break away from spain all together. >> if the party wins in elections, it could put more pressure on madrid for independence. catalonia is located in the country's northeast. its economy is strong, especially when compared to the rest of the country. many citizens and business leaders feel they are contributing more than they are getting back from their government. >> barcelona, the capital of catalonia, is an economic powerhouse. the regional push for inde
the sec that it's expanding an investigation into bribery accusations abroad - to china, brazil and india. earlier this year, wal-mart was accused of bribing officials in mexico. meanwhile, the company beat wall street's expectations on earnings, reporting a profit of $3.6 billion. wal-mart's cfo said the retailer expects the holiday season to be very competitive. the postal service has a staggering loss of $15.9 billion. the post office is under the finanical strain of having to pre-pay for employee health benefits. the postmaster general is urging congress to take action, including going to 5-day delivery service. farmland prices are growing. that's according to the federal reserve. demand for farmland in the plains states remained strong in the third quarter, and prices rose 25%. the fed also said this summer's drought did not effect land demand, but did hurt farmers' incomes during the summer months. farmers may expect the drought to continue to drag down incomes in the coming months. harsh weather conditions in europe could end the days of cheap wine. according to marketwatch.com, g
the current framework in which major emitters such as china and india are exempt from reduction targets. developing nations want to put off deciding on a new framework that would oblige them to target such goals. the talks are to last until december 7th. >>> no end is in sight to protests in egypt over president mohamed morsi's decision to grant himself sweeping powers. a nationwide demonstration is scheduled for tuesday. on sunday a protest in a northern city turned violent. demonstrators clashed with morsi supporters, including members of the muslim brotherhood. the two sides threw stones and gasoline bombs. one person died, and more than 30 were injured. more than 10,000 people staged a sit-in in cairo's tahrir square. they urged morsi to revoke his announcement. the country's ministry of health says about 300 people have been injured in clashes between protesters and security forces. morsi last week added new clauses to the constitution. one says courts cannot reverse his decisions. presidential officials denied that morsi is consolidating his power. they said he made the decree to
with a stable outlook for india. the agency mentioned a list of positives including india's high savings and investment rates, large diverse economy, but moody's did warn of credit challenges posed by india's weak infrastructure, high government debt and inflation. also under pressure partly due you to the country's strong reliance on imported crude. india is the world's fourthimpo may be some relief in sight. cnbc has more on the story live from new delhi. >> so this is a really big asset when talking about the field. field one will be producing 400,000 barrels a day. phase two producing 1 million barrels of oil every day. and conoco phillips announced an agreement for the $5 billion deal, but i would like to point out this deal is far from done. there are plenty of consortium partners when you're talking about it. for example shell, exxonmobile, all holding a a little over 16%. it will require all consortium partners. become when bp wanted to exit, in the end actually bought the stake, so we'll have to perhaps see a lot of work being done by conoco phillips to convince the partners to
neighboring countries have also reacted sharply to the chinese passport map. vietnam and india have taken similar countermeasures. the waters around the disputed islands in the south china sea are believed to hold large reserves of oil and natural gas. >>> china's rise. wealth, power and problems. an income gap divides its people. pollution threatens their health. and disputed seas strains relations with neighbors. find out the problems china faces on "newsline." >>> south korean leaders are looking to their counterparts in china to put pressure on north korea. a top envoy from the south is visiting beijing amid signs beonyang may soon attempt another missile long. lim sung-nam is the chief negotiate over pyongyang's nuclear problem. he'll meet with officials including the chair of the six-partyalks on the north korean program. he'll likely ask china to persuade the north to skrapt launch. u.s. analysts said recent satellite photos said pyongyang may fire another missile. north korean military leaders launched what they called a satellite from the same pace in april. western intelligence
been taking similar steps as the philippines, and india is also taking countermeasures. >> translator: don't read too much into the new design. we'll discuss this matter with related countries so people can cross borders freely. >> reporter: but for the philippines and other countries, it's difficult not to see the change as a sign of china's true intentions, especially as the country is making moves to assert control over the south china sea. china's state-run xinhua news agency reports that hainan province in southern china has stopped customers in the region unless they have permission. in july, china formed a new administrative body that governs the disputed islands in the south china sea. hainan's new ordinance underpins the central government's hard-line strategy. china's top leadership changed hands this month, and the new regime is showing no sign of easing its tough stance on territorial issues involving the philippines and other neighbors. keiichi tanaka, nhk world, manila. >>> malaysia's rule cog ligs has been in power for more than half a century as the country's largest p
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